A clear mandate for all
How was FY 2013-14 for your company? Any major developments?
The Financial year 2013-14 was overall satisfactory with some of the divisions growing significantly and the others being just at par vis-à-vis the last year. We added warehousing space and few large customers. We rolled out the KAM (Key Account Management) Program and it gave us a decent growth of about 30%. We also invested in talent.
Rhenus presently owns 100 trucks in India which they plan to expand by adding another 100 trucks in this financial year.
Present market trends and your expectations from FY 2014-15?
The BJP Government has a clear mandate from the country. Markets are getting stable. We expect a decent growth for ourselves. Integrated Logistics Solution added with Value Services will be the key differentiator. With stability in exchange rate, we see our freight and customs division also to get back to it set growth path. We will see the emergence of 3PL/4PL players.
Expectations from the new government?
The expectations from the new government for the development of the logistics industry in India would be
• The earliest roll-out of GST Programme. • A wider expansion for infrastructure and greater additions of Port. This would enable to ensure a better horizon for Logistics in India
• Expedition of Golden Quadrilateral & Dedicated Freight Corridors
• Building of Logistics Parks
Vivek Arya, Managing Director, Rhenus Logistics